Sara has a loan for $1800 at a rate of 16% annually. How much interest will she pay in 4 years?
1 answer:
Answer:
She will pay $1,152 in four years?
Step-by-step explanation:
16% as a decimal is 0.16
Multiply that by the 1800 to get the interest for one year.
0.16×1800=288
288 is the interest for one year, but you need the amount for four years.
Multiply 288 by 4.
288×4=1152
She will pay $1,152 in four years
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